Tenet Healthcare Q3 Adj EPS $1.44 Beats $1.20 Estimate, Sales $5.07B Beat $5.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare (NYSE:THC) reported Q3 earnings of $1.44 per share, beating the analyst consensus estimate of $1.20 by 20%. The company also reported quarterly sales of $5.07 billion, surpassing the analyst consensus estimate of $5.02 billion by 0.92%. This represents a 5.52% increase over sales of $4.80 billion in the same period last year.
October 30, 2023 | 8:22 pm
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Tenet Healthcare's Q3 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Tenet Healthcare reported better-than-expected Q3 earnings and sales, which is typically a positive signal for the company's stock. Investors often react positively to earnings beats, which can drive the stock price up in the short term.
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